September 2022

Market Flash - August 2022

August’s sell off was largely influenced by Chairman Jerome Powell’s comments at the Fed’s Jackson Hole Symposium on August 26th. While he mentioned that the Fed’s future policy decisions would be data dependent, his overall tone was generally hawkish. Most concerning to markets was the Chairman’s stated commitment to taming inflation via higher-for-longer interest rates and his warning around the subsequent “pain” this could create for households and businesses.